By: Jill Simmons PR Manager | November 18, 2009
Zillow COO Spencer Rascoff appeared along side Howard Glasser, former HUD official, on CNBC this morning to discuss whether the housing recovery has stalled given the housing start numbers released by the Commerce Department today. Housing starts were expected to take a moderate gain but instead fell 10.6% in October.
Watch Spencer discuss the latest housing numbers from [...]
By: Amy Bohutinsky Zillow VP of Communications | November 17, 2009
Each quarter we track Homeowner Confidence across the U.S. and more specifically, how homeowners’ perception of their own home’s value compares to reality. We’ve seen a lot of changes in the past six quarters, as homeowners have inched closer to reality by acknowledging widespread home value slides.
However, the third quarter of 2009 is a different [...]
By: Jill Simmons PR Manager | November 11, 2009
Zillow’s COO Spencer Rascoff (top, middle in photo above) was interviewed by CNBC’s Erin Burnett today about the high-end housing market. Zillow’s data shows that homes in the top tier of the market (top one-third of homes by value) are still declining, just not as badly lower-end homes.
Nationally, home values at the high-end are down 6.3% year-over-year, [...]
By: Katie Curnutte Zillow PR Manager | November 11, 2009
The negotiating power of homebuyers slipped a tad in September, but buyers in most markets were still negotiating thousands of dollars off the last listing price of homes. Buyers nationally negotiated a median 2.9 percent off the final listing price, down a bit from 3 percent in August, according to the September Zillow Real Estate [...]
By: Zillow Team | November 6, 2009
It’s jobs and wages, not growth in the GDP that will really spur the housing recovery, Zillow’s Spencer Rascoff told Forbes. Spencer regularly participates in panel discussions on Forbes.com. Other participants include Donald Trump, Jr., Michael Feder of Radar Logic and Pat Lashinsky of ZipRealty.
This time, the discussion centered around whether a weak housing market [...]
By: Stan Humphries Chief Economist | November 5, 2009
On a 403-12 vote today, the House of Representatives approved a measure to extend the $8,000 first-time homebuyer tax credit, along with a $6,500 tax credit for repeat homebuyers who have lived in their current homes for at least five years. The Senate has already approved the bill, and the President is expected to [...]
By: Katie Curnutte Zillow PR Manager | October 23, 2009
With so much housing market data showing marginally better news these days, there’s been a lot of buzz lately about a housing market recovery. But is recovery in the near future a realistic expectation? Zillow Chief Economist Stan Humphries talked to Alison Rogers of CBS Moneywatch about the housing market drivers that could stimulate or [...]
By: Stan Humphries Chief Economist | October 12, 2009
For the first time since the middle of 2006, home values nationally were essentially flat on a month-over-month basis, with values declining just 0.1% from July to August. The annual change in home values for the US was -7.6% in August with the Zillow Home Value Index dropping to $191,200, its lowest level since April [...]
By: Sara Bonert Director of Broker Relations | October 9, 2009
A few weeks ago we announced the relaunch of our Local Pages to be richer in local data and easier to customize.
Now we’ve taken it a step further and made it easy to embed this information on your blog or website with the click of an ‘Embed’ button. Watch this video to learn more.
By: Stan Humphries Chief Economist | October 8, 2009
Recently, there’s been a fair bit of anecdotal discussion around the assertion that foreclosures, once a problem just for the sub-prime segment of mortgages, have been moving up-market. That is, people are suggesting that we’re seeing more foreclosures in the mid- to high-end segments of the market. We thought we’d crunch some numbers [...]
